A firm's annual report contains audited financial statements (balance sheet, income statement, statement of cash flows, and statement of retained earnings).

Question

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A firm's annual report typically includes audited financial statements, which provide an overview of the company's financial performance and position over the past year. These statements are prepared in accordance with generally accepted accounting principles and are reviewed by an independent auditor to ensure their accuracy and completeness.

A Firm's Annual Report Contains Audited Financial Statements (Balance Sheet